What is required for car installment payments?
1 Answers
Car installment payments require meeting certain conditions and providing relevant application documents: 1. Required conditions: (1) Possession of valid identification and full civil capacity. (2) Ability to provide proof of fixed and detailed address. (3) Stable employment and capability to repay the loan principal and interest on schedule. (4) Good personal social credit. (5) Holding a car purchase contract or agreement approved by the lender. (6) Other conditions stipulated by the cooperative institution. 2. Required application documents: (1) Original ID card, household registration booklet, or other valid residence documents, along with copies. (2) Proof of occupation and economic income. (3) Car purchase agreement, contract, or letter of intent signed with the dealer. (4) Other documents required by the cooperative institution.